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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

State Street Earns Membership In 95-Plus Composite Rating Club

State Street saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.

The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.

State Street has now climbed above a proper buy zone after clearing the 79.90 entry in a flat base.

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One weak spot is the company's 77 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.

Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.

In Q3, the company reported 17% earnings growth. Revenue growth climbed 21%, up from 3% in the prior quarter. That marks four quarters of rising growth.

State Street holds the No. 11 rank among its peers in the Finance-Investment Management industry group. Janus Henderson Group, KKR and Blue Owl Capital are among the top 5 highly-rated stocks within the group.

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